Key Market Indicators
Sri Lanka's solar energy consumption is forecast to double by 2028, reaching an estimated 0.02 Exajoules. This marks a significant increase from the 0.01 Exajoules recorded in 2023, with an annual average growth rate of 8.5%. The country's demand for solar energy has shown a robust upward trend since 2021, with a year-on-year growth rate of 32%. This surge underscores Sri Lanka's commitment to expanding its renewable energy portfolio and reducing reliance on fossil fuels. As the nation continues to invest in solar infrastructure, the energy sector anticipates further advancements and a sustainable energy future.
